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GM is moving out the RenCen. What could go there next? (ft. Robin Runyan)

In a move that's got the whole Detroit region talking, General Motors is leaving the RenCen in 2025 to take up the upper floors of the office space at Hudson's Detroit.  But that leaves one of Detroit's most iconic buildings without a clear path. Bedrock and GM are going to work over the next year to think about what it looks like going forward, but we take a first take at it, and talk about some of the amenities we'd like to see - and what the city might need.  As always, feedback - dailydetr...

When It Comes To Real Estate, Data Shows Two Very Different Detroits

Detroit has a hot market in the central core, but the city’s overall real estate market is still facing a lot of headwind. The gap is large. $429,000 units – like the new Selden development – are pre-selling available units out in mere days, and big-name folks like Tony Hawk are moving in while the city as a whole still is tied for the most unsold homes owned by banks and lowest median home price appreciation in the country, according to a new report out today by Detroit is al...

One Of Detroit's Worst School Buildings Is Down The Street From A $365,085 Home Listing

Just yesterday we received a generic email about a newly redone property on Mack Avenue, listing at $365,085 for a 1,281 square feet 3-bedroom place. It even uses the superlative “magnificence.” And there’s no doubt, the place looks nice. But the address – 248 Mack – rang a bell, because there has been a lot of coverage of the problems happening at Spain Elementary in Midtown. That’s because Spain Elementary, a Detroit Public School, is basically across the street. We’ll get back to why t...

Ally Financial Switches Plans, Decides To Consolidate Downtown; Gilbert Buys One Detroit Center

Real estate magnate and Quicken Loans founder Dan Gilbert expanded his portfolio to some 70 properties today with the purchase of 43 story, 957,000 square foot One Detroit Center. The purchase price was more than $100 million for Detroit’s third largest office building and the adjoining garage, however, an exact number wasn’t shared. But that wasn’t all. It had been talked about in the media that Ally Financial, formerly the credit arm of General Motors, was going to move to Southfield, but...

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